Overview

Description

NewGen Advisory is proud to announce the sale of the Days Inn Henrietta/Rochester area. The hotel features 111 guest rooms and sits on an impressive 6.15 acres. Additional special features include notable signage, a coin-operated washer/dryer, ample parking, and a plethora of outdoor space for guests to enjoy. There is also a sizable restaurant/bar area situated in the hotel as well in which generates over $6,000 a month in steady income. The Days Inn Henrietta presents investors, owners, and developers with several enticing opportunities for this property. The property can continue to be run as-is with the completion of a new PIP to increase revenues. Alternatively, a new owner could come in and restructure management to yield a higher net operating income. Henrietta presents a small, but excellent hotel market for investors. The property also has the potential to be converted into multi-family. Presently, there are no multifamily properties underway in the area making it the perfect opportunity for a developer to encroach on an untapped market. Multifamily properties in this market perform very well and rents have increased by 7.5% over the past year.

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Highlights

• Prime location right off I-390 and I-90 in Henrietta, New York which sees over 39,000 vehicles per day.
• Excellent value-add opportunity for a savvy investor looking to restructure management.
• Potential for redevelopment into multifamily as the property has been well kept and in an ideal area.
• Over $6,000 a month generated in income from the restaurant which is lease out
• Ten miles to Rochester which is home to demand drivers including Lake Ontario, the University of Rochester, SUNY Brockport, and many more.

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